KKR has completed the final closing of its value-add/opportunistic fund, KKR Real Estate Partners Europe II (REPE II), with commitments coming from a diverse group of both new and existing investors globally.
The investor base included public pension plans, sovereign wealth funds, insurance companies, financial institutions, endowments, private banking platforms, family offices and high-net-worth individuals.
REPE II is a $2.2 billion fund dedicated to value-add and opportunistic real estate investments in Western Europe. It is the successor fund to KKR’s first dedicated European real estate fund, REPE I, which closed in June 2016 with $739 million in capital commitments.
According to KKR, REPE II will target subsectors with attractive structural dynamics, including logistics, residential, student housing, hospitality and high-quality offices. As of June 30, REPE II had committed more than $700 million of capital, principally across logistics and residential i
